TSMC, ASML earnings on tap: Bull and bear cases for tech outlined

Investing.com reports that chipmakers TSMC and ASML are set to release earnings this week, with ASML's results expected pre-market on Wednesday, October 14, 2026, and TSMC's on Thursday, October 15, 2026. These earnings come amid a broad sell-off in chipmaking and artificial intelligence-related stocks, as investors grow increasingly skeptical about the long-term returns from the emerging technology.

Both TSMC and ASML have reaped significant benefits from AI-driven demand, making them effective barometers for the impact of AI on chipmaking. The reaction to their earnings will likely hinge on whether they report earnings beats or misses, with a cautious tone potentially repeating the July pattern. Quarterly price reactions for both stocks have been volatile, ranging from -7.08% to +4.67% in the past eight prints, leaving the direction uncertain.